Note: Since THENINEs official site (https://thenine.exchange/tfx/) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.
General Information & Regulation
THENINE, a trading name of Thenine Exchange, is allegedly an unregulated and offshore forex broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable assets with leverage up to 1:1000 and variable spreads from 0.5 pips on the worlds most trusted and popular MetaTrader4 trading platform, as well as a choice of three different account types.
Market Instruments
THENINE advertises that it mainly offers access to a wide variety of trading instruments in financial markets, including forex currency pairs, indices, spot indices, commodities, spot commodities and cryptocurrencies.
Account Types
There are three live trading accounts offered by THENINE, namely Micro, Standard and ECN. Opening a Micro or Standard account requires the minimum initial deposit amount of only $10, while the ECN account has a much higher minimum initial capital requirement of $100.
Leverage
A leverage ratio of up to 1:1000 is offered by THENINE, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.
Spreads
THENINE claims that different account types can enjoy quite different spreads. In particular, the Micro account has spreads from 2 pips, while the clients on the Standard account can experience spreads from 1.8 pips and only the ECN account can enjoy the lowest spreads from 0.5 pips.
Trading Platform Available
The platform available for trading at THENINE is the industry-standard MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
THENINE says to work with credit cards, wire transfers, local transfers and Bitcoin. The minimum initial deposit requirement is $10. The withdrawal processing time is said to be about 5 days, however, the broker has not revealed any withdrawal fees.
Customer Support
THENINEs customer support can be reached by telephone: +1 628 123 4000, email: info@thenine.exchange. Besides, you can also follow this broker on some social media platforms such as Facebook. Registered address: Suite 305, Griffith Corporate Centre, Beachmont P.O.Box 1510, Kingstown, Saint Vincent and the Grenadines.
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